Stock Traders Purchase Large Volume of Call Options on Nutanix (NASDAQ:NTNX)

Nutanix, Inc. (NASDAQ:NTNX) was the recipient of some unusual options trading activity on Wednesday. Investors bought 13,779 call options on the stock. This represents an increase of approximately 388% compared to the average daily volume of 2,821 call options.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Piper Sandler boosted their price target on Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday. StockNews.com upgraded shares of Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday. Raymond James upped their price objective on shares of Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Needham & Company LLC lifted their target price on shares of Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company increased their price target on Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Nutanix presently has an average rating of “Moderate Buy” and a consensus target price of $78.86.

Insider Activity at Nutanix

In other Nutanix news, COO David Sangster sold 11,950 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the sale, the chief operating officer now owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. This represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the transaction, the chief financial officer now directly owns 192,169 shares of the company’s stock, valued at $11,309,145.65. This trade represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NTNX. Cetera Investment Advisers boosted its position in Nutanix by 48.7% in the 1st quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock valued at $4,697,000 after buying an additional 24,918 shares during the last quarter. Diversified Trust Co boosted its holdings in Nutanix by 46.7% in the second quarter. Diversified Trust Co now owns 36,666 shares of the technology company’s stock valued at $2,084,000 after purchasing an additional 11,668 shares during the last quarter. Versor Investments LP grew its stake in Nutanix by 211.7% during the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company’s stock valued at $1,976,000 after purchasing an additional 22,652 shares in the last quarter. Marshall Wace LLP grew its stake in Nutanix by 47.5% during the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock valued at $84,308,000 after purchasing an additional 477,838 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC purchased a new stake in Nutanix during the 2nd quarter worth approximately $2,274,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Stock Performance

Shares of NTNX opened at $66.70 on Friday. Nutanix has a 12 month low of $40.44 and a 12 month high of $75.80. The stock’s 50-day moving average is $64.79 and its two-hundred day moving average is $59.45.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Nutanix had a negative return on equity of 12.43% and a negative net margin of 3.54%. The firm had revenue of $547.95 million during the quarter, compared to analysts’ expectations of $537.12 million. As a group, equities analysts forecast that Nutanix will post 0.31 EPS for the current year.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.